Technical Resources

Technical Resources covers the nuts and bolts of the retirement plan market, focusing on IRS and DOL regulations, ERISA litigation, fiduciary governance and more.

 

 


Technical Resources

Technical Resources

By John Iekel10/17/2014 • 0 Comments

The number of single-employer defined benefit plans has dropped sharply over a nearly 40-year period, while multiemployer DB plans' decline has been far less dramatic. But Bureau of Labor Statistics Office of Compensation and Working Conditions economist William Wiatrowski shows in a study that it's too simplistic to explain this by noting that DB plans have long been declining as DC plans have grown. READ MORE

By Barry Levy10/16/2014 • 0 Comments

This month ASPPA will be launching the Business Managers & Owners Council. BMOC is a new membership add-on designed for ASPPA members who are either owners or senior executives of a qualified plan administration business. READ MORE

By Robert Richter, Robert Kaplan10/16/2014 • 0 Comments

While it is true that safe harbor 401(k) plans are free from the testing of deferrals and, in most cases, matching contributions, it is also true that there are potential pitfalls that may jeopardize the plan’s qualification status. Our session on Monday, Oct. 27 at the ASPPA Annual Conference will highlight common errors and suggested corrections of which practitioners need to be aware.
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By ASPPA Net Staff10/15/2014 • 0 Comments

A new survey finds that most employers are concerned that the rising cost of health care will lead workers to cut back on retirement savings — and see a holistic approach to both as a potential solution.
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By ASPPA Net Staff10/13/2014 • 0 Comments

The ASPPA Board has proposed amending the documents approved by the membership in July to substitute the American Retirement Association for the American Retirement Council. On Tuesday, Oct. 14, Credentialed Members will receive information via email on how they may vote on this important matter.

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By ASPPA Net Staff10/6/2014 • 0 Comments

The number of private sector defined contribution plans and participants continues to expand, while defined benefit plans distributed more than they took in, according to just-published statistics from the Department of Labor.
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By Craig Hoffman10/3/2014 • 0 Comments

The U.S. Supreme Court has agreed to review the Tibble v. Edison Int’l case, it was announced Oct. 2. One of the many “excessive fee” cases being pursued through the federal court system, Tibble arose in California and was the subject of a 9th Circuit Court of Appeals decision last year. READ MORE

By John Iekel10/3/2014 • 0 Comments

The way to move forward in promoting retirement saving is not to dismantle the 401(k) and employer-based system — far from it. Rather, we should continue to refine the system and expand coverage and participation. That was the message conveyed by Mark Iwry, Senior Advisor to the Secretary of the Treasury and Deputy Treasury Assistant Secretary (Tax Policy) for Retirement and Health Policy, at the NAPA DC Fly-In Forum on Sept. 30. READ MORE

By John Iekel10/2/2014 • 0 Comments

The digital world offers revolutionary means to communicate, store and share data. But using it in a responsible and ethical manner is as important as it is challenging, as Lauren Bloom, an expert on professional ethics and risk management, pointed out in the recent ASPPA webcast, “Ethics and Professionalism in the Digital Age.”

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By John Iekel9/29/2014 • 0 Comments

They’ve been a while in coming, but they are here: the IRS on Sept. 26 issued final regulations on electronic filing of Form 8955-SSA and Form 5500-EZ in certain circumstances. The IRS had issued the regs in proposed form in August 2013 READ MORE

By Andrew Remo9/29/2014 • 0 Comments

Lobbying groups representing minority investment fund managers, backed by key Democratic members of Congress, recently met with key administration officials to press the case for doing business with minority and women-owned firms.
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By Nevin Adams9/26/2014 • 0 Comments

A plan sponsor’s decision to eliminate an option to transfer defined contribution account balances to a defined benefit floor-offset plan didn't violate ERISA’s anti-cutback rules, according to a federal appeals court. READ MORE

By John Iekel9/25/2014 • 1 Comments

The Pension Benefit Guaranty Corporation on Sept. 24 issued Technical Update 14-1, guidance on how the Highway and Transportation Funding Act of 2014 (HATFA) affects PBGC premiums. READ MORE

By John Iekel9/23/2014 • 0 Comments

Oregon State Treasurer Ted Wheeler has presented the legislature with recommendations for increasing Oregonians’ retirement savings, access to a retirement plan and ability to enroll in one. The recommendations are the work of the state’s Retirement Security Task Force.
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By John Iekel9/18/2014 • 0 Comments

Johnson & Johnson is joining the ranks of the employers that have reduced pension benefits for new employees. The company, ranked 39th among the Fortune 500, made the announcement in an internal memo READ MORE

By Nevin Adams9/18/2014 • 0 Comments

The IRS has issued the much-anticipated final regulations on hybrid retirement plans and has also provided regulations on the tax treatment of distributions from Roth accounts under tax-favored retirement plans, such as 401(k), 403(b), and 457 plans. READ MORE

By Nevin Adams9/12/2014 • 0 Comments

The IRS has issued guidance on pension funding stabilization under the Highway and Transportation Funding Act of 2014 (HATFA). Notice 2014-53, issued late on Sept. 11, addresses both the 2013 and 2014 plan years. Generally speaking, plan sponsors have until Dec. 31 (later for some non-calendar-year plans) to determine the optimal transition to HATFA segment rates.

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By Andrew Remo9/2/2014 • 0 Comments

Its authors may not have led with that title, but a recent paper calls for wholesale changes to the way Americans currently save for retirement, including suspending all defined contribution savings arrangements. One is inclined to give the authors credit for coming up with a new alternative, but the reality is that their proposal is a cobbled-together mish-mash of ideas that have been tried before. READ MORE

By John Iekel8/28/2014 • 0 Comments

The U.S. Census Bureau has published its annual survey of public pensions. The 2013 Survey of Public Pensions: State-Administered Defined Benefit Data provides revenues, expenditures, financial assets, membership and liabilities information for DB public pension systems. READ MORE

By Nevin Adams8/28/2014 • 0 Comments

What happens to executive retirement benefits when employers close or freeze their defined benefit pension plans? What if that plan is a hybrid/cash balance? And what does that mean for advisors? Towers Watson recently conducted an analysis of how Fortune 200 companies in 2013 transitioned executives after changing their underlying broad-based retirement programs to find the answers. READ MORE

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